Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets
Cryptocurrencies tumbled as traditional market sentiment shifted, impacted by geopolitical risks, leading to significant losses in various digital assets. [ more ]
Walmart-backed Ibotta shares surge 33% in strong market debut By Reuters
Trading in financial instruments/cryptocurrencies involves high risks. Prices are volatile, may be affected by external factors, and data may not be real-time or accurate. [ more ]
Navigating The Now: Events Leading Up To The Bitcoin ETFs
Bitcoin ETFs have garnered significant attention in the finance and investing world, with major institutions joining the trend.
The approval of Bitcoin ETFs by the SEC marks a significant milestone in the journey of Bitcoin from an experimental currency to a formal security backed by major asset managers. [ more ]
Bitcoin at 46,000 for the first time again since the launch of spot ETFs as sentiment returns
Cryptocurrencies, led by Bitcoin, continue to gain momentum as sentiment gradually returns.
The decline in outflows from the Grayscale Bitcoin Trust (GBTC) and the launch of Bitcoin spot ETFs are contributing to the positive sentiment. [ more ]
NY District Judge Fallia shared concerns that the @SECGov wants to “broaden the definition of what constitutes as a security" during @Coinbase's hearing to motion dismissal for its alleged ‘securities violation."
JPMorgan CEO Jamie Dimon advises against getting involved in Bitcoin, citing concerns about its use cases.
Dimon expresses a more positive stance on cryptocurrencies outside of Bitcoin, particularly highlighting the tokenization of real-world assets. [ more ]
What Is a Central Bank Digital Currency? A Brief Guide to CBDCs
CBDCs are blockchain-based digital forms of fiat currency issued and managed by central banks.
CBDCs differ from cryptocurrencies as they are centralized and controlled by central banks, allowing for actions such as freezing funds and incentivizing spending. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
Bitcoin And Crypto To Be Measured At Fair Value Under New FASB Rules
The Financial Accounting Standards Board (FASB) has announced new rules that will require companies to account for cryptocurrencies like Bitcoin at fair value.
Under the new guidelines, businesses will need to disclose the value of cryptocurrencies based on their market prices at the end of each reporting period. [ more ]
AI and pension funds: Is AI a safe bet for retirement investment?
Pension funds worldwide are facing challenges and risks due to low demographic rates and lack of faith in social security models.
Some pension funds have invested in cryptocurrencies, but the volatility of these assets has led to losses and discouraged further investment from other funds. [ more ]
German Parliament Member Wants To Make Bitcoin Legal Tender
German parliament member Joana Cotar supports making Bitcoin a legal tender in Germany.
Cotar wants to initiate a legal framework to officially recognize Bitcoin as legal tender while combating risks and promoting the freedom aspects of Bitcoin.
Cotar is focused solely on Bitcoin and has started the "Bitcoin in the Bundestag" initiative to educate her colleagues on its benefits. [ more ]
Hong Kong Based Boyaa Plans to Buy $45 million Worth of Bitcoin As Treasury Reserve Asset
Hong Kong gaming company Boyaa Interactive plans to invest in cryptocurrencies, including Bitcoin, as part of its asset allocation strategy.
Boyaa aims to seek shareholders' approval for a $100 million acquisition mandate to purchase BTC, ETH, USDT, and USDC within a 12-month period. [ more ]
Binance Penalties Include a Number of Crypto Industry Firsts
The Treasury Department's FinCEN is imposing its first-ever monitorship on the cryptocurrency exchange.
U.S. regulators are employing powerful measures typically used for major financial institutions to penalize Binance, the largest cryptocurrency exchange. [ more ]
The Supreme Court has granted certiorari in two cases, one involving the definition of a "waters of the United States," and the other involving the scope of immunity for police officers.
The Third Circuit has ruled that Title VII does not require an employer to provide religious accommodations to a job applicant.
The California Supreme Court issued a decision that will limit the availability of class action waivers in arbitration agreements. [ more ]
TradeOX online trading platform - Social Media Explorer
Are you looking for a reliable and user-friendly online trading platform?Look no further than TradeOX!In today's digital age, online trading has become increasingly popular due to its convenience and accessibility.And with TradeOX, you can easily buy and sell assets from the comfort of your own home or office.
Wall Street's top cop is determined to bring crypto to heel. He just took a big shot
Securities and Exchange Commission Chair Gary Gensler listens during a meeting of top financial regulators at the U.S. Treasury Department on Oct. 3, 2022, in Washington, D.C.The SEC's lawsuit against crypto exchanges Binance and Coinbase this week are intended to bring both under the regulatory purview of the agency.
Christopher R. Perkins serves as managing partner and president of CoinFund, a registered investment adviser with venture and liquid strategies.In any industry, standardization drives scale.Ethereum's transition last year to proof of stake (PoS) unlocked an exciting opportunity to create a benchmark that tracks staking yields, which could serve as the basis for financial products that track this rate.
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment.He holds BTC and ETH.Stablecoin issuer Tether will regularly buy bitcoin ( BTC) for its stablecoin reserves using a portion of its profits starting this month as part of a new investment strategy focused on the largest cryptocurrency by market capitalization, the firm announced on Wednesday.
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker's Crypto Dealings Exchanges Bitcoin News
South Korean prosecutors have raided two of the country's largest coin trading platforms within an investigation into the crypto investments of a politician.They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker's cryptocurrency holdings.South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul Southern District Prosecutor's Office raided two leading domestic digital asset exchanges on Monday as part of an investigation launched in response to a growing scandal with the suspicious crypto dealings of an opposition lawmaker.
Twitter, TikTok, Instagram And YouTube Criticized By Consumer Group Over Misleading Crypto Ads - Social Media Explorer
Topline A consumer advocacy group has filed a formal complaint with the European Commission about the spread of false crypto ads across social media.The group also complained to TikTok.com,Twitter and YouTube.BEUC filed a complaint with the European Commission regarding misleading cryptocurrency ads posted on social media.
Crypto Firms Start Looking Abroad as U.S. Cracks Down
The wave of government enforcement against cryptocurrency companies is beginning to remake the industry.Coinbase, the largest crypto exchange in the United States, has opened a business in Bermuda.Gemini, a rival firm based in New York, is seeking a license in the United Arab Emirates.And Bittrex, an exchange in Seattle, has shut down its U.S. operations.
A tweet this week from Chris Frantz, the founder of email platform Loops, irked me.Frantz said "90% of the people I know in web3 have pivoted their company to AI."
What got to me was not that founders are so obsessed with securing venture capital that they'll glob onto the next "in" thing.
From Boom to Bust: Understanding the Wild World of Crypto Price Fluctuations!
Cryptocurrencies have captured the attention of investors worldwide with their meteoric rise in value.But along with the highs come the inevitable lows.The wild price fluctuations, like the Ethereum price in the crypto market, can leave even seasoned investors scratching their heads.But what causes these extreme price swings?
NFT Trading Volume on Track to Drop Below $1B, But Does That Metric Matter?
Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR.She has previously worked across breaking news, global finance, tech, culture and business.She holds a small amount of BTC and ETH and several NFTs.The non-fungible token ( NFT) market is evolving, and measuring its success depends on which metrics you're looking at.
Litecoin Leaves Bitcoin and Ether Behind With Rally to One-Month High
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.Bitcoin offshoot Litecoin ( LTC) is having a moment amid a broader market lull, rallying 15% over the past seven days to a one-month high of $95 Wednesday, according to CoinDesk data.It's pulled back a bit to $92 as of press time.The price rally puts LTC at number two on the list of the best-performing digital assets with at least $1 billion market capitalization.
First Mover Asia: Biden's Tough Talk, Tether's Bitcoin Bet Not Moving Crypto
Bitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.S. debt ceiling negotiations and its ripple effects on crypto.Bitcoin is opening the Asia trading day up 1.3% to $27,403, while ether is down 0.1% to $1,822.In the U.S., debt ceiling negotiations continue, with President Biden declaring that the country will not default on its debt.
The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit
Binance Co-Founder and CEO Changpeng Zhao, widely known as CZ, speaks during a press conference at the Europe's largest tech conference, the Web Summit, in Lisbon on Nov. 2, 2022.The SEC sued Binance and CZ on Monday, saying the company misled customers among other charges.Patricia De Melo Moreira/AFP via Getty Images U.S. regulators are targeting more giants in the world of crypto.
TikTok Restructures E-Commerce Business; IOSCO Proposes Global Crypto Regulation
In today's ExchangeWire news digest: TikTok readjusts its e-commerce business in a bid to break out of Asia; the IOSCO reveals a proposed global approach to crypto regulation; and Twitter accuses Microsoft of inappropriately harvesting data from the platform.TikTok has adjusted its e-commerce business in an effort to crack western markets such as the UK and the US.
Britons warned about four convincing scams to watch out for this year
Britons are being warned about the most convincing scams being seen by consumer group Which? this year.The company said there are four believable scams to look out for in 2023 to ensure you don't lose your money, explaining that consumers can protect themselves by signing up for scam alerts or seeking out expert advice.
Cryptocurrency trading should be regulated as gambling, says Treasury Committee
Consumer cryptocurrency trading should be regulated as gambling, the Treasury Committee has urged.In a new report, the committee called for consumer trading in unbacked cryptoassets to be treated in regulation as gambling.The cross-party committee of MPs said cryptocurrencies such as Bitcoin are being used by criminals in scams and money laundering.
Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
Pakistan's government has hardened its stance against cryptocurrencies, even as retailers continue to hedge their financial bets against a devaluing Pakistani rupee partly due to a volatile political situation in the nation.Cryptocurrencies will "never be legalized in Pakistan," said Minister of State for Finance and Revenue Aisha Ghaus Pasha to the country's Senate Standing Committee on Finance on Wednesday, according to local reports.
Galaxy Executed its First OTC Options Trade as Demand for On-Chain Options Ramps Up
Galaxy Digital's first over-the-counter (OTC) option trade, executed earlier this week, marks a tangible step toward bringing the conventional financial system onto decentralized finance (DeFi) infrastructure.FTX's blowup and the collapse of several crypto lenders brought attention to the risks of centralized finance (CeFi) - AKA trusting one's money with a company, rather than a protocol - providing a tailwind for DeFi.
Expect Ripple Deal to Set Off Crypto Custodian M&A, Says Advisory Firm
Blockchain firm Ripple announced on Wednesday its $250 million acquisition of Switzerland-based custodian Metaco.Crypto advisory firm Architect Partners expects further mergers and acquisitions in the custody industry due to several market factors, according to a new research note.Architect Partners first analyzed the Ripple-Metaco deal, writing that Ripple "seeks to transform the $156 trillion cross-border payment market, has initiatives focused on the emerging opportunity for Central Bank Digital Currencies (CBDCs) and has aspirations to allow the issuance and settlement of any type of tokenized asset as that market develops."
Miami Bitcoin Conference Flags Attendance Down by Half as 'Crypto Winter' Drags On
Bitcoin faithful are making the annual pilgrimage to Miami Beach by the thousands for the third year in a row, for an industry conference set to feature speakers including the U.S. presidential candidate Robert F. Kennedy and the author Michael Lewis.Organizers of the conference, Bitcoin 2023, call it the "world's largest Bitcoin gathering," starting Thursday and ending with an exclusive afterparty on Saturday night.
First Mover Americas: Bitcoin Rebounds Amid Optimism on Debt-Ceiling
This article originally appeared in First Mover, CoinDesk's daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day.Bitcoin is up on Thursday after gaining ground late Wednesday alongside a rally in U.S. equity markets on optimism that a debt-ceiling deal will be reached in the upcoming days.
Absence of Retail Investors Could Stand in the Way of Pepecoin's Rise to Top Meme Coin: Santiment
Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Retail traders were mostly absent from Pepecoin's (PEPE) stellar rise to $1.5 billion market cap in a few weeks, even as the token snagged billions of dollars in daily volumes and a host of copycats.
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
The Group of Seven (G-7) advanced economies must take the lead in implementing recommendations by the Financial Action Task Force (FATF) to combat illicit financial flows through crypto, the president of the global financial crimes watchdog said in a letter on Thursday.The strongly-worded message titled "An end to the lawless crypto space" was published ahead of a meeting of G-7 leaders in Hiroshima, Japan starting Friday.
Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become the most-traded collection in the past 24 hours, surpassing even prominent collections, such as Bored Apes.Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show.
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
Amitoj Singh is CoinDesk's regulatory reporter covering India.He holds BTC and ETH below CoinDesk's disclosure threshold of $1,000.India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry, several sources familiar with the matter have told CoinDesk.
Dogecoin's Daily Transaction Reached Lifetime Highs as 'DRC-20' Tokens Introduced
Dogecoin's daily transaction volume rose tenfold from the average daily earlier this week to set a lifetime peak following the launch of a new mechanism that now allows the issuance of tokens on the Dogecoin blockchain.The network saw over 645,000 transactions on Sunday, data from BitInfoCharts shows, briefly crossing both Bitcoin and Litecoin transactions that day before falling back to previous levels as of Wednesday.
Cryptocurrency trading in UK should be regulated as form of gambling, say MPs
UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament's Treasury committee has said after a fresh inquiry into the industry.The government must avoid wasting more taxpayer funds promoting tech innovations such as digital tokens, without demonstrating the clear benefits to the public, MPs said in a report published on Wednesday.
Landmark crypto rules make exchanges liable for customer losses in EU
Today, the European Union approved a comprehensive set of cryptocurrency regulations seeking to lay the groundwork for how crypto is regulated globally.The rules-which make providers liable if they lose investors' crypto assets-will go into effect in 2024 across 27 EU member states."I am very pleased that today we are delivering on our promise to start regulating the crypto-assets sector," Elisabeth Svantesson, Sweden's minister of finance, said in a press release.
U.S. Bitcoin Corp (USBTC) has signed multi-year agreements to host 150,000 bitcoin mining machines with major firms including Marathon Digital Holdings (MARA), the firm told CoinDesk.The deals showcase the apparent rebound in the mining industry, which is trying to rise after a rough 2022.Last year's crypto downturn led to a lot of major miners going bankruptcy, including Compute North, which was originally running the three USBTC sites.
UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
The House of Commons Treasury Committee's opposition to the government's plans to regulate crypto like a financial service has generated an instant backlash from the industry - and lawmakers' views, though non-binding, may represent an extra bump in the road to the U.K.'s crypto plans.The country's finance ministry, the Treasury, is adamant that it will press ahead with its plans to regulate crypto using existing financial legislation, as crypto's risks are similar, a spokesperson from the government told CoinDesk.
Binance Australia Halts Australian Dollar Bank Transfers
Binance Australia says that it will no longer be able to facilitate Australian Dollar bank transfers using PayID, the exchange said on Thursday.In a tweet, Binance Australia blamed its third-party payment service provider and said that it's working to find an alternative.Australia-based users can still buy and sell crypto using their credit or debit card, and Binance says its P2P marketplace continues to operate as usual.
Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs
Sage D. Young is a tech protocol reporter at CoinDesk.He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.Edited by Nick Baker.DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
The Blocksize Wars Revisited: How Bitcoin's Civil War Still Resonates Today
Daniel Kuhn is a deputy managing editor for Consensus Magazine.He owns minor amounts of BTC and ETH.This weekend, a pseudonymous developer known as Punk3700 made cryptocurrency history by launching what he calls the first smart contract written on Bitcoin.It's the type of technical achievement - crafted in the bespoke programming language, Solidity - that lately has become more common on a blockchain known for its chelonian development speeds.
Ethereum Briefly Stopped Finalizing Transactions. What Happened?
Margaux Nijkerk reports on blockchain protocols with a focus on the Ethereum ecosystem.A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics.She holds a very small amount of ETH and other altcoins.There was a lot of confusion in terms of what the delay in "finality" meant for the functionality of the blockchain, prompting discussions about security concerns.
DeFi Must Get Easier to Use to Win Over Retail Customers, Uniswap Survey Finds
The many pains of using decentralized finance (DeFi) protocols may be stopping occasional crypto users from experimenting with on-chain services, according to a survey conducted by Uniswap Labs.In a poll of 1,860 "U.S. retail users," the company supporting the popular DeFi token trading platform called Uniswap found that many respondents are put off by the complexity and cost of on-chain trading.
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.A consortium named Fahrenheit, which includes venture capital firm Arrington Capital and miner U.S. Bitcoin Corp, is the lead bidder in the auction for bankrupt lender Celsius's $2 billion of assets, according to a Wednesday hearing.NovaWulf, an investment firm which was founded by the duo behind bitcoin miner TeraWulf (WULF), was the original bidder, known as the stalking horse, which set base terms for the auction.
Investors Track Pepecoin Whales to Cash In on Meme Coin Mania as Wider Market Stagnates
Over the course of last weekend, several newly issued meme tokens surpassed PEPE in trading volume.This flurry of activity was down to whale watchers, people who buy assets based off what large wallets are doing.Pepe/USD chart (dextools)
As attention switches to meme coins, other sectors like decentralized finance (DeFi) are beginning to suffer.
First Mover Americas: Axie Infinity Rallies After Apple App Store Debut
This article originally appeared in First Mover, CoinDesk's daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day.Blockchain-based play-to-earn project Axie Infinity's native cryptocurrency AXS ralliedafter the company's card-based strategy game debuted on the Apple app store.
StanChart-Backed Zodia and LMAX Digital to Provide CoinShares With Crypto Trading Infrastructure
A trio of European cryptocurrency firms are teaming up to bolster their digital asset trading offering to institutions.Crypto exchange LMAX Digital and Standard Chartered-backed custodian Zodia Custody are to provide institutional-grade trading infrastructure and custody to digital asset manager CoinShares (CS.ST), according to an emailed announcement on Wednesday.
EU passes first regulatory framework for cryptocurrency
The European Union has given final approval to the first set of rules in the world designed to broadly regulate the cryptocurrency market.The Markets in Cryptoassets (MiCA) regulation, expected to come into force next year, places a number of rules on firms dealing in digital currencies, including that any organization planning to issue, trade or store crypto assets (ie, digital wallets) be licensed to do such business in the 27-nation bloc.
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
China's highest national agency responsible for legal prosecution has warned non-fungible token (NFT) digital collections share "the attributes of virtual assets," which are banned in the country.The Supreme People's Procuratorate of the People's Republic of China published its guidelines for the treatment of NFTs on Monday, recommending stronger "risk research and judgment" and to "accurately punish crimes."
Crypto should be regulated like gambling, say UK lawmakers
Physical imitation of Bitcoins are pictured at a cryptocurrency exchange branch near the Grand Bazaar in Istanbul on October 20, 2021.AFP (Archive) Cryptocurrency investments in Britain should be regulated like the gambling industry, UK lawmakers said Wednesday.The plea, from parliament's powerful cross-party Treasury Committee, came one day after EU ministers agreed on tougher tax rules for crypto transactions.
Prices: Amid Bitcoin role debates and halving concerns, bitcoin and ether start flat in East Asia; Cobo's data points to market confidence recovery and Bybit links memecoin surge to reinvestment, warning of mining impacts if Bitcoin doesn't stabilize above $30,000 post-halving.
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
Camomile Shumba is a CoinDesk regulatory reporter based in the UK.She previously worked as an intern for Business Insider and Bloomberg News.She does not currently hold value in any digital currencies or projects.Investing in unbacked digital assets like bitcoin (BTC) and ether (ETH) resembles gambling and should be regulated as such, a cross-party lawmaker group in the U.K. has said.
Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System
Lightning Network infrastructure firm Lightning Labs has rebranded its Taro project to Taproot Assets and released a software update after a contentious trademark infringement suit was filed by blockchain software development firm Tari Labs Last December.The suit resulted in an injunction that prevented further development of the project.
Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations
Jocelyn Yang is a markets reporter at CoinDesk.She is a recent graduate of Emerson College's journalism program.Bitcoin ( BTC) continued its slightly downward consolidation on Tuesday, slipping just below $27,000 as investors kept close attention on the debt ceiling negotiations in Washington.The largest cryptocurrency by market capitalization was recently trading at $26,950, down roughly 1.3% for the day, according to CoinDesk data.
Serial Phishing Scammer Uses a Mix of Laundering Techniques, Including Coin Swaps and a Mysterious OTC
Anna Baydakova is an investigative reporter with a special focus on Eastern Europe and Russia.Anna owns BTC and an NFT.According to the researchers, someone has set up the website hitbt2c.lol,mimicking the authentic website of HitBTC, hitbtc.com,and enticed crypto traders to connect their wallets or deposit crypto as onto a real exchange.
Optimism, Scaling Solution for Ethereum, Sets June Date for Biggest Ever Upgrade, 'Bedrock'
Optimism, a " layer 2" scaling solution for the Ethereum blockchain, set June 6 as the date for its Bedrock hard fork.The upgrade is expected to take two to four hours, starting at 16:00 coordinated universal time (UTC), according to the Optimism team.Deposits and withdrawals will be unavailable during the period.
Bitcoin Miner Cormint Raises $30M Series A to Build Texas Data Center
Bitcoin mining startup Cormint Data Systems raised $30 million in a Series A funding round co-led by its president to build a data center with 2.4 exahash/second (EH/s) of computing power in Fort Stockton, Texas.The round was led by Cormint President Jamie McAvity and semiconductor firm Silicon Laboratories (SLAB) Chairman Nav Sooch.
Peter Thiel Backs Bitcoin Startup River in $35M Round
Bitcoin technology and financial services company River has raised $35 million in a Series B round led by investment firm Kingsway Capital, with participation from billionaire investor Peter Thiel.River offers a wide range of bitcoin-related services for individuals and businesses, including a brokerage that offers zero-fee dollar-cost averaging, mining, full-reserve custody, and a wallet that supports both on-chain transactions and transactions on the Lightning Network - a bitcoin scaling solution that settles transactions off-chain for faster speeds and lower fees.
Crypto Wallet Bitski Taps Hardware Wallet Ledger To Make Web3 More Secure
Web3 wallet Bitski is integrating support for hardware wallet Ledger to bring greater security features to its browser application.Bitski will allow Ledger users to import their wallet credentials into Bitski utilizing their self-custodied keys.From there, Ledger users can connect their Bitski wallets to decentralized applications ( dapps) and securely transfer funds in and out of their Ledger wallet.
Bitcoin's Realized Price on Cusp of Flashing Major Bullish Signal
Bitcoin's ( BTC) year-to-date rally of 63% may be the first milestone in its upward journey.That's the message from bitcoin's realized price, which appears on track to exceed the realized price of long-term holders.Historically, this so-called bull cross has marked the end of bear markets and the onset of major price rallies.
J'JO's Crypto Index Investing: Protecting Portfolios From Risks and Increasing Returns Sponsored Bitcoin News
The global crypto market is expanding steadily despite recent bearish sentiments.Over 119 million people worldwide started owning cryptocurrencies in 2022, marking a 39% rise in total ownership.It reflects a growing demand for alternative payment methods and investment instruments.More people now believe in the potential of futuristic asset classes like crypto.
Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.Bitcoin (BTC) and ether (ETH), the world's top two cryptocurrencies by market value, moved in tandem for much of 2022.That positive relationship has weakened this year, signaling an impending regime change in the market.As of Monday, the 30-day rolling correlation between changes in bitcoin and ether prices was 77%, the lowest since 2021 and notably weaker than 96% seen two months ago, according to crypto data provider Kaiko.